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Shoe Carnival (SCVL) investor relations material
Shoe Carnival Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales reached $297.2 million, with EPS at $0.53, both exceeding expectations, though net income declined from $19.2 million to $14.6 million due to $0.22 per share in rebanner investments.
Shoe Station banner outperformed with 5.3% net sales growth and margin expansion, while Shoe Carnival sales declined 5.2%.
The company is progressing with its One Banner Strategy, aiming for over 90% of stores to operate as Shoe Station by end of fiscal 2028, unlocking $20 million in annual cost savings and $100 million in working capital.
Rogan's acquisition fully integrated into Shoe Station, contributing over $21 million in net sales.
Board approved a corporate name change to Shoe Station Group, pending shareholder approval in June 2026.
Financial highlights
Gross profit margin expanded 160 basis points year-over-year to 37.6%, with merchandise margin up 190 basis points.
SG&A was $93.2 million (31.3% of sales), up from $85.9 million (28% of sales) last year, mainly due to rebanner investments.
Net income for Q3 was $14.6 million, or $0.53 per diluted share, down from $19.2 million, or $0.70 per share last year.
Ended Q3 with $107.7 million in cash and securities, debt-free, and $99–$100 million available credit.
Year-to-date capital expenditures were $38.3 million, mainly for store rebanners and remodels.
Outlook and guidance
Reaffirmed full-year net sales guidance of $1.12–$1.15 billion and raised full-year EPS guidance to $1.80–$2.10.
Q4 net sales expected at $240–$270 million, with EPS of $0.25–$0.30.
Fiscal 2026 will be an investment year with continued rebanner costs ($25–$35 million), flat to down sales, and lower EPS than 2025; growth expected to resume in 2027 and accelerate in 2028.
By end of fiscal 2027, expect $20 million in annual cost savings, $100 million in working capital freed, and EPS growth.
Capital expenditures for 2025 projected at $45–$55 million, with similar levels expected in 2026.
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